Tonbridge Trade Park has 100,000sq ft of accommodation (Image: www.andrewhendry.com)
A new £20million industrial development development has been built in Tonbridge. Situated on Vale Road, the trade park has created 100,000sq ft of commercial space and Ffur of the 15 “high specification Grade A units” have already been pre-let.
This means 31,750sq ft has already been snapped up. The trade park is a joint venture between developer Chancerygate and international property firm Hines.
Those behind the scheme said the industrial development would help meet the “significant demand” for high spec commercial accommodation in and around Tonbridge. Occupiers include chemical production company Tunap and car service and maintenance group Formula One Autocentres.
A further unit of 5,000sq ft is under offer, meaning well over a third of the space is already let or under offer. The 10 remaining units are available on a leasehold basis.
The companies behind the scheme flagged up the trade park’s “easy access” to transport links, the A26 and M25. Chancerygate development director Jonathan Lee said:
“Tonbridge Trade Park is the first new build, Grade A multi-unit trade park and urban logistics development in the area for more than 20 years.
“The scheme will help meet the significant demand for much-needed high specification, sustainable commercial accommodation in Tonbridge and surrounding areas.”
“With its strategic location, the scheme is best placed to serve businesses across Tonbridge and the wider region. This is evidenced by the pre-lets we have already seen and we anticipate this interest will only grow now practical completion has been achieved,”
Founded in 1995, Chancerygate said it was the UK’s largest multi-unit urban logistics property developer and asset manager. It has offices in London, Warrington, Birmingham, Bristol, and Milton Keynes.
The joint venture sold the trade park in Tonbridge to Northwood Investors, a real estate private equity firm, at the end of last year.
Kent’s most active commercial agent Bracketts and national agency DTRE have been appointed as joint letting agents.
